$592M Asset Manager Joins Institutional XRP ETF Frenzy

Gerber, an Ohio-based registered investment adviser managing $592 million in assets, has disclosed a new XRP position through its holding of 12,958 shares of the Franklin XRP exchange-traded fund (ETF).

This move comes on the heels of several other institutional disclosures from notable firms across the United States.

On July 17, Gallacher Capital Management LLC reported a new position in the Canary XRP ETF (XRPC), holding 86,744 shares valued at approximately $961,126.

The latest figures show that institutional investors have been adding to their XRP holdings, with net inflows of 532,500 XRP on July 27, following significant inflows on previous days.